Whitehat hacker rescues $1.5M from first DeFi hack of 2025
Yesterday saw the year’s first “significant” crypto hack, with exploited funds totalling $2.5 million removed from decentralized finance (DeFi) options platform Moby, on Arbitrum network. Softening the blow, however, was the revelation that the majority of losses, almost $1.5 million in USDC, had been scooped up by self-described “noob engineer” and MEV researcher Tony Ke of Solayer Labs/Fuzzland. The “whitehacked” funds have since been returned. We just automatically hacked the hacker and rescued 1.4M USDC! 100% of fund were returned to the project owner > Here's how the hacker is whitehat-hacked pic.twitter.com/R3SF5hIZnh — Tony KΞ (@tonykebot) January 9, 2025 Read more: ‘Cryptographic performance art’ drains contract one block after launch The Moby team’s statement describes the hack as “an incident involving the leakage of a private key, which affected some LP [liquidity provider] assets,” pointing out that “it was not a security issu...